KINDLE [How Money Became Dangerous]


10 thoughts on “KINDLE [How Money Became Dangerous]

  1. says: KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas ☆ 2 Characters

    KINDLE [How Money Became Dangerous] 4 StarsA book about rich people money and there dirty games I lost interest in mid way but somehow drifted to th

  2. says: KINDLE [How Money Became Dangerous]

    KINDLE [How Money Became Dangerous] Varelas worked in Solomon Brothers and then Citibank How does finance become dangerous?1 In the beginning banks were small and bankers knew eve

  3. says: Christopher Varelas ☆ 2 Characters Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas KINDLE [How Money Became Dangerous]

    KINDLE [How Money Became Dangerous] Christopher Varelas ☆ 2 Characters When I first picked up Christopher Varelas' book How Money Became Dangerous I read the dust jacket and was intrigued by the promise that I was going to read a trend book about the transition of our financial system into an enigma that was becoming a rogue force working against usHowever when I got into the book

  4. says: KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas ☆ 2 Characters

    Summary How Money Became Dangerous KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas As I dove into this I found myself thinking that this was a collection of stories from Mr Varelas' life than a work about the dangers of money but I didn't care as I enjoyed the stories some of which very slightly intersect

  5. says: Summary How Money Became Dangerous KINDLE [How Money Became Dangerous]

    Summary How Money Became Dangerous KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas takes us on a journey through his financial career that started out well actually in Disney World which seems kind of appropriate to many sectors of the financial kingdom and all of its fierce and sometimes scary species His first venture begins in clerical nature at a BofA in Orange county CA and rapidly progresses to a wide variety of financial experiencesHis first big step is on completion of college and o

  6. says: KINDLE [How Money Became Dangerous]

    Christopher Varelas ☆ 2 Characters KINDLE [How Money Became Dangerous] This is really an engaging book The story of the slow metamorphosis of the financial industry from an efficient background hum to a vilified destructive force is told with passion experience and vividness The subject matter has the potential to be extremely dry but Varelas uses anecdotes both personal and widely known to lend a human hue to his points And his points are vitalThe financial industry has lost its footing Varelas argu

  7. says: Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas ☆ 2 Characters Summary How Money Became Dangerous

    KINDLE [How Money Became Dangerous] A look into what’s gone wrong with our financial system and what we can do about itThe characters throughout the stories of the book are what really make it special and make the concepts stick in your mind Instead of a dry recitation of financial facts and their implications the book really brings alive the weird and fascinating personal stories of people shaping the financial system for the past forty years from smal

  8. says: Summary How Money Became Dangerous KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas

    KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas I was expecting something different Like a former Wall Street geek talking data and formal insights on how trading works but this is a fun read filled with anecdotes and tales of deals gone sour rule breaking with some greed jealousy thrown in A fun tale that is a bit harrowing and hopeful but one wonders is this how are financials are supposed to work? Can they withstand the morass of misdeeds and miscreants? TBD good read even a summer

  9. says: KINDLE [How Money Became Dangerous]

    Summary How Money Became Dangerous KINDLE [How Money Became Dangerous] A good entertaining book about our new class the other line system that has been created by our modern financial world Told by first hand accounts by an insider I learned many things that I never knew or had considered before Case in point; a local firm was just bought out by another company in the same line o

  10. says: KINDLE [How Money Became Dangerous] Christopher Varelas ☆ 2 Characters Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas

    Summary How Money Became Dangerous KINDLE [How Money Became Dangerous] Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Insightful book on the recent history and inner workings of Wall Street and government financing Also shows the risk of not looking to the future for underfunded pensions and excessive spending by governments Greed and short term profits do not paint a good picture for the future

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Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas

How Money Became Dangerous

Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas ☆ 2 Characters Summary How Money Became Dangerous O change in the eighties as our financial systems became increasingly complex moving beyond the understanding of the general public while impacting our lives in innumerable ways The financial world began to feel like an enigma a rogue force working against us seemingly controlled by no oneFrom an industry veteran who’s had firsthand involvement in the events that shaped modern money How Money Became Dangerous journeys from the crime ridden LA jewelry district to the cutthroat Salomon B. Christopher Varelas takes us on a journey through his financial career that started out well actually in Disney World which seems kind of appropriate to many sectors of the financial kingdom and all of its fierce and sometimes scary species His first venture begins in clerical nature at a BofA in Orange county CA and rapidly progresses to a wide variety of financial experiencesHis first big step is on completion of college and of course Wharton School Hmmm isn t there a politician out of there associated with this place That credential is one of the keys and literally a key on what he elaborates on which is access The ticket to Wall Street where the mover and shaker financial heavyweights play the game He runs through various positions and on to MA and finally wraps up with municipal finances back once again in California with the spectacular meltdown of the infamous but probably forgotten Orange county debacleThough the books slogs along at times and I stifled many yawns it does succeed in getting some very important messages across of the pitfalls and perils of our exotic and yes dangerous at times financial system There are too many aspects to go into here and there many but two central themes that surfaced again and again were exploitation and accountabilityIn brief exploitation in financials is shown to be rampant and we kind of know that as it pops up in the news almost weekly it seems The system is designed to foster this condition as the human beings pulling strings to enrich themselves are very much in control and will probably always be working their angles Accountability seems nearly negligible as the paltry slaps on the hand in way of penalty makes it seem almost uite worthwhile A lot of those bad guys still walk walkway with bulging pockets of cash The housing meltdown fabricated by this industry a good example of this Who paid the price Not the bank executives But ultimately the little people on the side streets all over this country who took the brunt of the backlash of this insidious plotVarelas wraps up the book with the traditional what should be done finale to offer his recommendations on measures and solutions to correct some of these evils I snickered at some of them like self regulation within the industry Of course put the fox in charge to see the hen house to make sure it is properly secured But he also had some constructive things to say Like how about some good educational programs implemented right in the high schools to give our young people starting out a fighting chance in dealing with the financial beast they will encounter again and again Practical education what a conceptAs much as I found the book a bit slow and memoir in nature there are numerous insights into what goes on behind the scenes and backrooms that make it worthwhile for anyone curious about the mysteries behind what so influences everything from paychecks to political pacs

Summary How Money Became Dangerous

Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas ☆ 2 Characters Summary How Money Became Dangerous Rothers trading floor from the high stakes world of investment banking to the center of the technology boom capturing the key deals developments and players that made the financial world what it is today The book illuminates the dark hidden forces of Wall Street and how it has dehumanized and left behind everyday Americans A fresh and enlightening take on how we reached this point How Money Became Dangerous also makes the case for why Wall Street needs to be saved if only to save ourselv. A good entertaining book about our new class the other line system that has been created by our modern financial world Told by first hand accounts by an insider I learned many things that I never knew or had considered before Case in point a local firm was just bought out by another company in the same line of business By reading this book I now have a better understanding of what is really going on with this purchase and how it could effect our local economy

Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas

Characters ✓ PDF, DOC, TXT, eBook or Kindle ePUB free ☆ Christopher Varelas Christopher Varelas ☆ 2 Characters Summary How Money Became Dangerous From a veteran of the trade a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system how money became our adversary and why finding a new course is crucial to a healthy societyIn the not too distant past money was simple You might have had a bank account and a mortgage perhaps some basic investments Wall Street didn’t have a reputation for greed and recklessness That all started t. Varelas worked in Solomon Brothers and then Citibank How does finance become dangerous1 In the beginning banks were small and bankers knew everyone personally2 Investment banks grew big through IPOs and now staff could play with other people s money As bonus was tied to performance staff bet big and sometimes 1 person can bring down the whole bank Barclays etc3 Computer spreadsheets allowed detailed calculations to make derivatives to sell to investors delinking personal connection and responsibility 4 Merger Acuisition IPOs investment bank analysts are told the fix the assumptions to meet the numbers wanted by seniors 5 Inflated rates of investment return paint a over optimistic picture of certain investment products sold to municipal governments leading to their bankruptcy6 Citibank became a too big to fail supermarket bank and became impossible to manage 7 Hostile takeovers force companies to watch their stock price and short termism became the norm Impossible endless growth became the only way to keep stock price going up8 Transparency of pay push salary of CEO and bankers to the stratosphere 9 All these are a house of cards and can collapse any time How to fix this messFor finance industry1 Reuire very long term bonus horizon up to 10 years2 Assign an officer in each investment bank to check products sold to investors3 Culture tzars to make sure fund managers behave morally tying 25% of their bonus to it For government1 Federal oversight review board to look over pensions 2 Reuire finance officials to have appropriate degree and experience3 Simplify finance regulationsFor us1 Get educated on finance2 Hold public officials accountable for their handling of public funds avoid extravagance 3 Engage your communityHuman nature being it is I doubt most of these changes on the finance industry are actually possible However we can elect officials who care about our finances and we cam certainly get educated financially

  • ebook
  • null
  • How Money Became Dangerous
  • Christopher Varelas
  • English
  • 09 March 2019
  • 9780062684776